Member Info for leehardcastle

Well done for all the guys and girls who have held with determination, we just put in a mind blowing set of results, on another level, debt blasted down and all that’s left is charged at just 7%, over 25k ounces is off the charts, and gold at over $1900 in Q1, what the hell will the next numbers be? Excited is not the word, too up time again.

Another peg up, $2000 next please

Well 2 years is definitely in the LTH club, all though amateur level, some professionals have been here from day 1, I’m here over 5 years, I agree on 3p but see that by Q2 as $1900 gold is like wind in our sails, I believe gold can only go higher this year, the world in in a dire financial state, I have a lot of comfort holding a gold producer like MTL as a financial hedge to the rapidly shrinking paper money.

Ah LTH-Sometimes, is MTL one of your sometimes? It’s always completely random as to when they up date us, sometimes it’s right at the end of the month, sometimes it’s in the middle, but one thing for sure, it always comes to us, other than watching the price of gold and reading interesting comments, its 4 of the most interesting moments in the calendar year.

Making us wait for this RNS, Gold keeps creeping higher, $1930 and holding, this year is off to a fantastic start, running costs should be a little lower too, fuel has dropped significantly, a major cost for us, perhaps Monday then? Have a great weekend everyone, I’m enjoying the better climate in Turkey, 18 degrees and sunny all day yesterday.

Him and a few others gave up trashing MTL, quarter on quarter our debts keep falling and gold prices remain high, I have a feeling todays sellers will be chasing back their shares, Q4 news will drop imminently, and I am extremely confident of a corker update, Q1 is off to a flyer too, 3p will be tested by Q2 results, watch this space.

Looks like $1900 has held too, $1912 at the moment, I think we will be testing $2000 in the nvery near future, Happy days

Dividend income from 2025 is not a fantasy but a promise from DB, where would the share price be when paying a dividend? like you said CV, another 2 years is a where the real gravy is to be had, in the scheme of how long this company has battled to get us to this point, it’s crazy for any LTH to not wait for that.

In the mean time let’s embrace the $1900 dollar gold, $500 to $600 dollars an ounce profit is 40 to 48 million dollars per annum profit at 20k ounce gold quarters, debt free in 2025 would leave an estimate remaining 5 years of gold to fully profit from.

I have a feeling we are taking a little breather before a decent move higher, those recent sellers will be chasing them back, why sell on the cusp of game changing news and rising gold?

I think the news in Q4 results will be the catalyst for a rerate, this penny stock price is utterly crazy now, when you think how we sat at 5p a share in 2017 whilst losing around $7 million a quarter, gold was just $1100 an ounce and our loan rate was 8%, today we are generating $10 million profit quarters with a similar sized debt at 7% and the market cap is 1/4 of those days, cheap as chips is an understatement.

I think it’s already happened in Q4 and as such will be news to report in the Q4 results, DB was confident from Q3 that we would reach the re-rate in Q4, he’s certainly reliable with information and doesn’t seem to overstate anything, talks of hyperinflation from those in the know will cement interest in gold and gold stocks this year for sure, we all know we are miles behind fair value so hold tight, we have the wind in our sails.

Gold comfortable again well above $1800, heading back to $1850 would be a bumper start to 2023, just days away from 2022Q4 numbers, strong start for the year, possibly early signs of strong results with the strong buying today, I’m expecting plus 20k ounces, with confirmation our loan re-rate.

I would say 7% was a cheap loan by todays standards, with the worldwide inflation issues, put it this way, a mortgage taken today will be at rates of 6 to 7% and property has virtually no risk with the size of the deposits covering any downside, I think as MTl struck the deal 2 years ago it was seen as just OK value, I would now say times have changed and it’s actually turned out to be great value for the next 2 years or so it will take to pay off our remaining loan.

Merry Christmas everyone, it’s been a solid year but the best is yet to come, 2023 is primed and ready to flourish.

Blasted past $1800, this is going to help the last 2 weeks of Q4, bumper numbers are a coming.

keeps getting back to $1800, think we may see a break to the higher very soon, happy Christmas

$1800 again

Well we have averaged $1700 gold for Oct and Nov so as long as gold stays above $1700 we are set for a fantastic Q4 earnings, 21k ounce sales is hinted at by DB in his Q3 statement, most likely our best to date, news on the 7% loan rerate imminent, I think we are really at a pivotal point and I see a re-rate just around the corner.

Well we have no reason to be any where near the penny share price, I initially invested at 5p a share back in 2017 when we owed similar amounts at an 8% interest and gold was only valued at $1200 an ounce, with the same number of shares as today, 2023 is set to re-rate our gold producer to something reasonable and back to 5p is a sensible goal for 2023, realistic? if gold hits the $2k mark again cheap gold producers like MTL will be on the investor radar again, watch this space, MTL are a bargain at these levels and have no right to have dropped so far, many have benefitted including myself, but the rewards for loyalty are yet to come, not long now